Author: NBTC
TL;DR SingularityNET and Minswap, a decentralized AI platform, and the first multi-pool decentralized exchange (DEX) on Cardano, respectively, have partnered to revolutionize DeFi on Cardano by integrating AI and DeFi. The partnership aims to enhance the Minswap platform using SingularityNET’s AI technology, improve user interfaces, streamline transaction processes, and optimize liquidity provision. It also plans to increase the accessibility and usage of SingularityNET’s cryptocurrency, AGIX, within the Cardano network. The collaboration is expected to contribute to the growth of the cryptocurrency industry as a whole, with benefits to Cardano including increased liquidity. The price of ADA and AGIX, and their…
The Shiba Inu ecosystem team has released the first internal build for the cryptocurrency’s collectible card game (CCG), Shiba Eternity. Notably, the highly anticipated internal build introduced a wide array of improvements to the game, ranging from performance enhancements to bug fixes, among others. Mazrael, a Shiba Inu ecosystem team member, provided insights into the latest update in an X post yesterday, noting that the internal build focused on two major areas: performance improvements and fixing issues regarding card interactions. #ShibaEternity First internal build is out! Performance improvements a plenty and fixed multiple card interactions such as princess andromeda not…
Prominent global cryptocurrency exchange KuCoin recorded substantial advancements in various aspects of its operations in the first quarter of 2024. KuCoin witnessed an explosive 121.85% growth in spot trading volume in the first half of 2024 compared to the figures from Q4 2023. The exchange announced this milestone in its latest review report for the first quarter of the year. The report noted that the surge in spot volume was particularly noteworthy in the Middle East and North Africa (MENA) region. In particular, the MENA region lead in volume increase with an impressive surge of 263.91%. Meanwhile, KuCoin remarked that…
As Bitcoin prices soar, the wealthiest investors are holding onto their assets. What’s driving this choice, and how does it affect the market? In recent years, the number of large Bitcoin (BTC) holders, called “whales”, has increased significantly. Data from Glassnode reveals a striking uptrend in the number of Bitcoin addresses holding over $100,000, escalating from less than 140,000 in July 2020 to nearly 680,000 by Mar. 12. Bitcoin addresses with a balance of more than $100,000 | Source: Glassnode Similarly, addresses possessing more than $1 million in Bitcoin surged from 13,000 in July 2020 to close to 120,000 on…
Mantle (MNT), the DAO-led web3 ecosystem centred around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol Mantle LSP, has announced a strategic partnership with IntentX, a next-generation OTC derivatives decentralized exchange (DEX). The collaboration aims to revolutionize decentralized finance (DeFi) liquidity and trading offerings. Mantle EcoFund invests in IntentX As part of the partnership, IntentX secured seed investment from Mantle EcoFund, enabling liquidity support and ecosystem integration. In addition, IntentX also received a grant of 250,000 $MNT from the Mantle Foundation, the largest grant awarded to date. The grant will be used to incentivize traders and users…
Yuga Labs, the startup behind the Bored Ape Yacht Club (BAYC), announced early Thursday that it has completed the burn of 4,295 Ethereum NFTs related to the crypto game HV-MTL. This comes the day after Yuga Labs sold two of its gaming IPs to blockchain gaming studio Faraway—HV-MTL was one of these IPs. With Faraway now in charge, the gaming studio requested that Yuga Labs burn the nearly $1 million worth of HV-MTL NFTs it held. “Burning” crypto assets refers to the act of sending them to an address where they cannot be reclaimed, effectively destroying them. With a total…
dYdX Chain, the foundation for the perpetual futures exchange dYdX, encountered a long 9+ hour halt early Monday morning. This interruption, deemed a “major outage,” was a consequence of a scheduled v4 upgrade to the chain. Following approximately nine and a half hours of downtime, dYdX implemented a fix for the software bug, allowing enough validators to engage, consequently enabling dYdX to recommence block production midway through Monday. The outage lasted for nine hours and thirty-two minutes, according to dYdX’s status page, however, the network showed resilience in promptly addressing and rectifying the issue. The implemented fix by dYdX does…
Coinpedia Markets speculates that Coinbase will list BONE, Shiba Inu’s L2 blockchain official gas token, this year. Popular crypto analytic platform Coinpedia Markets has issued a bold prediction for Bone ShibaSwap (BONE). Coinbase to List BONE This Year Coinpedia Markets speculated that the highly anticipated listing of BONE on the San Francisco-based exchange Coinbase could happen this year. In a recent tweet, the analytic platform highlighted 10 tokens, including BONE, that are set to go live on Coinbase in 2024. Other tokens in the list include Kaspa (KAS), Baby DogeCoin (BABYDOGE), Toncoin (TON), Catcoin (CAT), Bitgert (BRISE), CoqInu (COQ), Neo…
Bitcoin (BTC) reached a new all-time high of $73,760 today, surpassing the previous record set just yesterday at $73,600. However, the top digital asset declined below $70,000 before rebounding to around $71,200 as of press time. Notably, a significant amount of leverage is being flushed out on crypto exchanges like Binance and OKX, where traders can use up to 100x leverage. Per Coinglass, approximately $3 billion in leverage positions are open at the $74,000 price level, with an additional $2.8 billion at $73,900. Every $100 increment above $74,000 shows between $1-2 billion in open interest, suggesting a total of around…
Many financial technology firms and crypto exchanges have noted Coinbase’s success with Base, its layer-2 blockchain, and decided to work with layer 2s themselves or build their own. TradFi has such an advantage with its current infrastructure, there is no incentive to move to DeFi. Neutral DeFi protocols that others can easily build on top of are a better path to scale than giant on-chain brokers or funds such as Aave or Compound. The path to mass adoption of decentralized finance (DeFi) passes through fintech firms and centralized exchanges, which together form a disruptive force with more incentive to switch…